Abstract
There is a winner’s curse that affects all but the most vigilant and disciplined. When one is ahead, especially far ahead, there seems little need to look back. A racer in a comfortable lead does not need to attend to her rear view mirror. Those racing behind are most aware of the leader’s advantage, and of other up-and-comers. The winner’s curse actually bestows an advantage on the upand-coming who recognize winners’ complacency is their Achilles heel.
Don’t let your special character and values, the secret that you know and no one else does, the truth – don’t let that get swallowed up by the great chewing complacency.
(Aesop, ancient Greek philosopher, 620–564 BC)
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© 2010 Colin Read
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Read, C. (2010). The Winner’s Curse. In: The Rise and Fall of an Economic Empire. Palgrave Macmillan, London. https://doi.org/10.1057/9780230297074_22
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DOI: https://doi.org/10.1057/9780230297074_22
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32417-0
Online ISBN: 978-0-230-29707-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)